Companies & civilizations begin their decline when:
– Theory becomes more important than practice
– Preservation of the individuals becomes more important than preservation of the whole
– Skin in the game becomes something to avoid rather than to celebrate
This phenomenon is called probability matching.
It’s an adaptation to supply and demand mechanics (such as, “if I always go to the most fruitful bush, predators will hunt me there”)
15 MANAGEMENT QUOTES
Clarity is not micromanagement, but lack of clarity is lack of management.
People only voice a fraction of their doubts. The rest shows up later as indecisiveness, inefficiency, and ineffectiveness.
Employees love when their manager, while delegating a task, makes explicit what would be too little and what would be too much.
Don’t aim to be clear enough so that you can be understood, but aim to be so clear that you cannot be misunderstood. That’s superclarity.
“studies that replicate are cited at the same rate as studies that do not” [in psychology]
"The majority (80%) of papers citing retracted research were published after the retraction date" [on covid]
(continues below)
t.co/bQI3T9sXt5fantasticanachronism.com/2021/01/11/are-experts-real/
"Notorious fraud Brian Wansink racked up 2500 citations in 2020, two years after he was forced to resign"
The role of a manager is often defined from a business point of view only.
But what about THE ROLE OF A MANAGER FROM THE EMPLOYEES POINT OF VIEW? (thread)
1/ Managers talk so clearly & concretely not to be misunderstood. They don’t clarify misunderstandings but prevent them.
2/ Managers give early and frequent feedback.
This helps workers know when they're going off track before it's too late. It thus prevents frustrating surprises or wasting efforts on actions that cannot be rewarded.
The paper answers the question of "why do people cooperate by sharing resources"?
Common answers include reciprocity ("I help you today so you help me tomorrow") or specialization ("I share my food and you share your tools").
COUNTERFACTUALS
Does Omicron having lower fatality rate than Delta mean that it's milder?
Does a peak in cases during a mask mandate mean that masks do not work?
No. Let me explain it using counterfactuals
(short thread)
Example 1: Does Omicron having lower fatality rate than Delta mean it's milder?
Counterfactual: if Omicron was as severe as Delta, would its fatality rate be lower?
Answer: yes, bc of the below
Conclusion: Omicron's lower FR doesn't imply it's milder
twitter.com/nntaleb/status/1475125312484749312
WHY DO MASKS SEEM NOT TO WORK?
Because contagion still happens where people don’t wear them (restaurants, households, etc)
Does it mean masks are useless?
No!
(thread)
Let me explain. First of all, a single unmasked exposure can be enough to cat the virus.
This means that if I wear the mask 95% of the time than go eat at an indoor restaurant while cases are high, and I catch the virus, it doesn’t mean masks don’t work.
In our brain, there are not one but two decision-makers:
The PLANNER (our cortex), which suggests what we *should* do
And the GATEKEEPER (our basal ganglia), which decides whether to do it
The interaction between the two determines most of human behavior
(short thread)
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